Nifty has formed a Diamond Bottom pattern.
Low of the diamond coincides with Nifty new support zone around 10900. Took support from here and now in uptrend.
Diamond's upper resistance line has been broken yesterday suggesting a possible NIFTY breakout.
Breakout candle length isn't upto the mark but can be considered in view of a bullish nifty due to positive news surrounding covid vaccines.
This week Nifty Target would be around 11400-11450.
Low of the diamond coincides with Nifty new support zone around 10900. Took support from here and now in uptrend.
Diamond's upper resistance line has been broken yesterday suggesting a possible NIFTY breakout.
Breakout candle length isn't upto the mark but can be considered in view of a bullish nifty due to positive news surrounding covid vaccines.
This week Nifty Target would be around 11400-11450.
Trade fermée: cible de profit atteinte
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.